Miguel Villafane-Neriz, Insurance Commissioner of Puerto Rico v. Federal Deposit Insurance Corporation
Court of Appeals for the First Circuit
1Opinion of the Court
TORRUELLA, Chief Judge.
This appeal seeks review of a decision of the United States District Court for the District of Puerto Rico, which entered summary judgment on behalf of appellee the Federal Deposit Insurance Corporation (“FDIC”), in its corporate capacity. Appellant Miguel Villafañe-Neriz, Insurance Commissioner of Puerto Rico (the “Commissioner”) seeks to recover FDIC deposit insurance for the $50,-000 value of a certificate of deposit (the “Certificate” or the “CD”) purchased by the Guaranty Insurance Company (“Guaranty”), which was assigned to the Commissioner simultaneously with its…
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